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WorksheetsMARKETING Q1
Total questions: 60
Worksheet time: 30mins
Is an organizational function and set of processes for creating, communicating and delivering value to customers
Marketing Process
Marketing Concept
Marketing
Marketing research
Business in this concept believes that a company must look for interested customer’s right after producing goods or services.
Selling concept
Marketing Concept
Product Concept
Production Concept
This concept is used in many businesses nowadays.
Selling Concept
Marketing Concept
Product Concept
Production Concept
Focused on making continuous product improvements.
Selling Concept
Marketing Concept
Product Concept
Market Concept
This concept explains that a company must first produce a product and later on create a selling strategy that fit to convince the target market.
Selling Concept
Maketing Concept
Product Concept
Market Concept
Aim is to sell what the company makes rather than making what the market wants.
Selling Concept
Marketing Concept
Product Concept
Sell Concept
The concept believes that it's best to define first the target market , identify their needs and wants, and create a product that suits the needs of the desired market.
Selling Concept
Marketing Concept
Product Concept
Sell Concepts
“A Good Product Will Sell Itself”
The Social Era
The Marketing Era
The Production Era
The Sales Era
The attitude of this era conquer that high quality product basically sell itself.
The Production Era
The Sales Era
The Marketing Era
The Relationship Era
Most firms in highly developed countries like of western Europe and Northern America focused on mass production where this country produces a lot of goods and services in good quality.
The Production Era
The Sales Era
The Marketing Era
The Relationship Era
“Creative Advertising & Selling Will Overcome Consumers’ resistance & persuade them to buy”
The Production Era
The Sales Era
The Marketing Era
The Relationship Era
Companies with sales orientations assume that customers will resist.
The Production Era
The Sales Era
The Marketing Era
The Relationship Era
As production techniques in the United State and Europe became more sophisticated, output grew from the 1920s into the early 1950’s . Companies with sales orientations assume that customers will resist.
The Production Era
The Sales Era
The Marketing Era
The Relationship Era
“The Consumer Rules! Find a need and fill it”
The Social Era
The Sales Era
The Marketing Era
The Relationship Era
This era believes that marketing activities, actions and implementations should be under one department.
The Social Era
The Sales Era
The Marketing Era
The Relationship Era
This department is known as the Marketing Department.
The Social Era
The Sales Era
The Marketing Era
The Relationship Era
“Long term relationship with customers and other partners lead to success”
The Social Era
The Production Era
The Marketing Era
The Relationship Era
This era established the importance of relationships with customers.
The Social Era
The Production Era
The Marketing Era
The Relationship Era
“Connecting to consumers”
The Social Era
The Production Era
The Marketing Era
The Relationship Era
Companies are considering the importance of giving back to the society. Social Responsibility began to take part of marketing strategies of the company.
The Social Era
The Production Era
The Marketing Era
The Relationship Era
Efforts to cultivate the attention, interest, and preferences of a target market toward a person.
Person Marketing
Place Marketing
Cause Marketing
Event Marketing
Organization Marketing
Efforts to attract people and organizations to a particular geographic area.
Person Marketing
Place Marketing
Cause Marketing
Event Marketing
Organization Marketing
identification and marketing of a social issue, cause or idea to selected target markets.
Person Marketing
Place Marketing
Cause Marketing
Event Marketing
Organization Marketing
marketing of sporting, cultural, charitable activities to selected target markets.
Person Marketing
Place Marketing
Cause Marketing
Event Marketing
Organization Marketing
marketing of sporting, cultural, charitable activities to selected target markets.
Person Marketing
Place Marketing
Cause Marketing
Event Marketing
Organization Marketing
intended to persuade others to.
Person Marketing
Place Marketing
Cause Marketing
Event Marketing
Organization Marketing
it involves comprehensive research into the marketplace and customers to be served.
Situation Assessment
Marketing Strategy
Marketing Mix Decision
Implementation and Control
it involves determining how to approach the identified customer needs and wants and how to produce products and services to satisfy them.
Situation Assessment
Marketing Strategy
Marketing Mix Decision
Implementation and Control
Making detailed decisions about the marketing mix (4 Ps).
Situation Assessment
Marketing Strategy
Marketing Mix Decision
Implementation and Control
Adjust or revise the plans as they are being implemented.
Situation Assessment
Marketing Strategy
Marketing Mix Decision
Implementation and Control
It involves monitoring execution and making changes to promotions or perhaps to the products and services.
Situation Assessment
Marketing Strategy
Marketing Mix Decision
Implementation and Control
The traditional view of Marketing as simply Buyers and Sellers interactions.
Transaction Based Marketing to Relationship Marketing
Transaction Based Marketing
Relationship Marketing
Base Marketing
Is a business tactic that emphases “point of sale” trades.
Transaction Based Marketing to Relationship Marketing
Transaction Based Marketing
Relationship Marketing
Base Marketing
Refers to the expansion, evolution and upkeep of long term.
Transaction Based Marketing to Relationship Marketing
Transaction Based Marketing
Relationship Marketing
Base Marketing
relatable and connection
be relevant
provide value
welcome dialogue
be responsive
be respectful
always say please, excuse, thank you etc
be relevant
provide value
welcome dialogue
be responsive
be respectful
introduce yourself and answer all the question (They will feel that you value them)
be respectful
provide value
welcome dialogue
be responsive
be authentic
tell things that satisfy customer
be respectful
provide value
welcome dialogue
be responsive
be authentic
strength, be different, be unique
be respectful
provide value
welcome dialogue
be responsive
be authentic
intgreet and introduce what to do
be respectful
be relevant
welcome dialogue
be responsive
be authentic
Marketers must consider focusing on the price of a product that is offered for the chosen market.
pocus on price
level of relationship
social interactions
interdependent relationship
Customer service and communication are key factors.
pocus on price
level of relationship
social interactions
interdependent relationship
Affiliation changed into essential changes that ensure partnership and interdependence between buyer and seller.
pocus on price
level of relationship
social interactions
interdependent relationship
Customer turnover is expensive
customer churn
frequency marketing
affinity marketing
keep customer
A marketing programs that entice customer do repeat purchases.
customer churn
frequency marketing
affinity marketing
keep customer
solitics responses from individuals who share common interest and activities.
customer churn
frequency marketing
affinity marketing
keep customer
consists of selling your product in such a way that you achieve a goal.
Marketing Strategy
tactical marketing
Strategic marketing
tactics
Once you have goals, including specific strategies for achieving your goals, determine how you will implement your strategies.
Marketing Strategy
tactical marketing
Strategic marketing
tactics
goals/ objectives/ plans
Marketing Strategy
tactical marketing
Strategic marketing
tactics
“implement”
Marketing Strategy
tactical marketing
Strategic marketing
tactics
actors close to the company that affect its ability to serve its customers.
Macro Environment
tactical marketing
Strategic marketing
Micro Environment
larger societal forces that affect the microenvironment. Considered to be beyond the control of the organization.
Macro Environment
tactical marketing
Strategic marketing
Micro Environment
Consists of actors and forces outside the organization that affect management’s ability to build and maintain relationships with target customers.
Macro Environment
Marketing Environment
Market Analysis
Micro Environment
Is a Process that identifies and defines marketing opportunities and problems, monitors and evaluates marketing actions and performance, and communicates the findings and implications to management.
Research Marketing
Research Market
Market Research
Marketing Research
To describe the size and composition of the market.
experimental
descriptive
exploratory
causal
To gather preliminary information that will help define the problem and suggest hypotheses.
experimental
descriptive
exploratory
causal
to test hypotheses about Cause-and-Effect relationships
experimental
descriptive
exploratory
causal
They help the company to promote, sell, and distribute its goods to final buyers.
Marketing Intermediaries
Competitors
Customer
Supplier
Consist of factors that affect consumer purchasing power and spending patterns.
Economic
Competitors
Customer
Supplier
Includes laws and government agencies.
Economic
Competitors
Political
Supplier
